Rent to Own Homes in Greenville
The below results...
The below results are primarily rent to own homes in Pitt County, NC:
If you start in Raleigh, North Carolina, and head east toward the Atlantic coast, you’ll run into the town of Greenville in approximately 80 miles. Another 120 miles will take you to the coast. This eastern position places Greenville in the coastal plains of North Carolina, and it serves as a hub of education and entertainment for many smaller cities in the surrounding area.
Educational resources include the East Carolina University, the Vidant Medical Center teaching hospital, and public schools operated by Greenville City Schools. These schools bring a lot of educated residents to town, but you don’t have to enroll in college to catch the Pirates spirit and cheer on the local sports teams. Little League sports are equally as popular with families in the area, and you’ll find a lot of professional BMX riders mixing into the population as well.
Greenville is one of those towns where families tend to settle down for generations. This has created a healthy list of annual community events that most people look forward to attending. This includes the annual Halloween street party held in downtown Greenville. PirateFest is another popular event because it gives residents of all ages a chance to dress up and have a little fun socializing. Due to the University, Greenville also boasts an active nightlife scene.
Buying a Home in Greenville
Your personality and lifestyle should serve as your guide when selecting a home in Greenville. You may choose to live close to the East Carolina University campus if you want to participate in the nightlife and many other student events held throughout the year. There are also many family-friendly neighborhoods that have a small-town ambiance. These areas are close to the public schools and are heavily involved in Little Leagues and other after-school programs. If you will routinely travel out to the coast for vacation or need to commute for work, then you may choose your home based on proximity to the highways.
Popular Neighborhoods in Greenville
You’ll find some of the largest homes and newest constructions in the Autumn Lakes subdivision. Many of the homes are custom-built, and there are five lakes dotting the community’s landscape. You’ll find the main entrance off Mobleys Bridge Road, but expect to pay no less than $500,000 for property in this area. Many of the homes sell for more than $1 million.
If you’re interested in newer constructions but can’t afford those price tags, consider the Alton Village subdivision, which is located off Alton Village Drive. Home prices are generally under $300,000 here, and the homes were mostly built after 2008 and have an elegant stone or brick veneer. If your price range is under the $200,000 mark, look for homes in the Allen Ridge or Arbor Hills communities.
Buying vs. Rent to Own Homes
Rent-to-own homes allow you to take a more leisurely path to homeownership. You start out renting the property just as you would a standard rental home or apartment. The catch is that you have the opportunity to purchase the home before the end of your contract. This ends the cycle of renting property owned by others and then moving yet again when you purchase your own home. You move into the property now, make your rental payments, and then transition into home ownership when you’re ready to secure financing. No move is necessary at that point because you’re already settled into your new home.
Cost of Living in Greenville
The overall cost of living in Greenville is about 10 percent lower than the national average at most times. The cost of housing can drop up to 30 percent below average, and many residents pay below-average prices for utilities, transportation and most everyday goods and services. This is one community where you can stretch your housing budget and still live comfortably even on a modest budget.
As home to East Carolina University, Greenville is often thought of as a college town with an active nightlife. The city is known for hosting a variety of community events that all residents look forward to attending, including an annual Halloween street party held downtown in October. This is a family-friendly community that spends a lot of time cheering on local sports teams, including the Little League teams that serve the youngest members of the population. This is a city that rests heavily on education, but it still has a small-town vibe that most residents appreciate.
Rent to Own Realtors
Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.
Banks can make a lot of profit off of a successful mortgage. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission.
While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers.
About Our Listings
Rent to Own Labs offers free listings for rent to own by owner, foreclosed homes and owner financed properties. Start looking for apartments or houses near me with the Rent to Own Labs search function.
These programs are a great way to buy a condo or townhouse if you have bad credit. In fact, lease purchase and rent to buy programs usually offer cheap homes with no credit check. Just make sure you look at your lease to purchase agreement to understand whether you have the option or obligation to buy the home you’re looking at. Lease-purchase agreements require the buyer to purchase by the end of the lease term, while lease-option agreements give the buyer the option to buy.
Reported Annual Crime In Greenville